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(Bloomberg) -- Citigroup Inc. will replace American Express Co. as the
exclusive issuer for Costco Wholesale Corp.’s credit cards in the U.S. and
Puerto Rico.
Transactions will be processed by Visa Inc. beginning April 1, 2016, the
Issaquah, Washington-based retailer said Monday in a statement. New
York-based AmEx said Feb. 12 that it will end its exclusive U.S. partnership
with Costco next year after the companies failed to reach a deal to renew it.
Losing the U.S. Costco business, which accounts for about 20 percent of AmEx’
s loans and 10 percent of its cards, is among the biggest challenges AmEx
Chief Executive Officer Kenneth I. Chenault has faced since he steered the
company through the financial crisis. The lender also disclosed in February
the end of a decade-long tie with JetBlue Airways Corp.
簡單來說,就是從明年4月份起,Citi Bank將成為Costco合作品牌信用卡的
獨家發行人,Visa信用卡則將取代American Express,在美國和波多黎各的
Costco連鎖店作為會員卡使用。
--
(Bloomberg) -- Citigroup Inc. will replace American Express Co. as the
exclusive issuer for Costco Wholesale Corp.’s credit cards in the U.S. and
Puerto Rico.
Transactions will be processed by Visa Inc. beginning April 1, 2016, the
Issaquah, Washington-based retailer said Monday in a statement. New
York-based AmEx said Feb. 12 that it will end its exclusive U.S. partnership
with Costco next year after the companies failed to reach a deal to renew it.
Losing the U.S. Costco business, which accounts for about 20 percent of AmEx’
s loans and 10 percent of its cards, is among the biggest challenges AmEx
Chief Executive Officer Kenneth I. Chenault has faced since he steered the
company through the financial crisis. The lender also disclosed in February
the end of a decade-long tie with JetBlue Airways Corp.
簡單來說,就是從明年4月份起,Citi Bank將成為Costco合作品牌信用卡的
獨家發行人,Visa信用卡則將取代American Express,在美國和波多黎各的
Costco連鎖店作為會員卡使用。
--
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